Music Business News: South Korea

Stray Kids label JYP Entertainment generated $70m in Q2, down 37% YoY

JYP Entertainment has published its financial results for the three months ended June 30

From HYBE’s new label services business to Sony and Warner’s calendar Q2 earnings… it’s MBW’s Weekly Round-Up

The biggest stories from the past week – all in one place…

As HYBE raises $80m for its gaming business, could it try to emulate Sony Corp’s cross-media strategy?

New 'HYBE 2.0' global strategy could look to borrow elements of Sony's longstanding multi-divisional structure

SM Entertainment reports $185m in Q2 sales, driven by near-doubling of concert revenue

However, the company's bottom line was dragged down by weak performances at subsidiary businesses

Kakao founder Kim Beom-su indicted on stock price manipulation charges

Numerous Kakao executives have now been indicted in relation to the telecom company's takeover of SM Entertainment last year

HYBE generated record quarterly revenue of $465m in calendar Q2

South Korea-headquartered entertainment giant HYBE has published its financial results for Q2 2024

From HYBE’s restructure to Warner Music’s leadership shakeup… it’s MBW’s Weekly Round-Up

The biggest stories from the past week – all in one place…

HYBE leans further into superfan business, adding subscription-based memberships to its Weverse fan app

'Superfans [are] a new growth engine in the global music market.'